Malik Beasley could lose $42 million Pistons contract amid gambling probe; NBA ban possible

Malik Beasley might be on the verge of losing a massive $42 million contract amid gambling allegations

Published on: Jun 29, 2025, 23:05:50 IST

By Yash Nitish Bajaj

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Malik Beasley, a free agent currently, might be on the verge of losing a massive $42 million contract after the US District Attorney’s office announced that the Detroit Pistons star is under investigation for gambling. ESPN and the Associated Press first broke the news, citing sources.

Malik Beasley is facing a probe for gambling, which could lead to an NBA ban (Getty Images via AFP)

“We are cooperating with the federal prosecutors’ investigation,” NBA spokesman Mike Bass said in a statement released to the AP. The probe comes 14 months after the NBA banned Toronto’s Jontay Porter, who was linked to a prop bet investigation. He pleaded guilty to committing wire fraud.

Mike Beasley's contract negotiations paused

Beasley's attorney, Steve Haney, told ESPN: “An investigation is not a charge. Malik is afforded the same right of the presumption of innocence as anyone else under the US Constitution. As of now, he has not been charged with anything.”

According to reports, the 28-year-old was in talks with Detroit to sign a new three-year deal worth $42 million, but those talks have been paused.

If found guilty, Beasley could be banned from the NBA. Last season, The Wall Street Journal was first to report that Terry Rozier, then of the Charlotte Hornets, was under investigation for activity related to unusual betting patterns surrounding him in a March 2023 game. The now-Miami Heat star has not been charged yet and is not facing any sanctions.

Losing the $42 million deal would be a significant blow for Beasley, who finished second in Sixth Man of the Year voting and was a locker room leader.

Malik Beasley and the Pistons were reportedly in ‘serious talks’ for a $42 million, three-year deal ($14 million annually). The free agent set a Pistons record with 319 three-pointers in 2024-25, averaging 16.3 points and 41.6% from three.

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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